/biz/ - Business & Finance

>>58323998

soon my little pnkwarrior
>>29088357
the council is already informed

>>26621278
Designing an oracle that approaches the low level of trust required by the Ethereum network as a whole is known as the oracle problem, and a solution to this problem would be extremely valuable as it would allow crypto to swallow more and more of the existing economy.
ChainLink offers a partial solution. If all the parties to an agreement can agree on a trusted data feed (or a series of data feeds for additional security), Link can guarantee that that data feed will be faithfully transcribed on the blockchain. It's no longer necessary to trust an individual oracle or the company that hosts the oracle network since the network will automatically punish defectors. That's extremely valuable.
However, it also has obvious limitations. Most real-world contracts rely on information that is not publicly available from a trusted data feed. Even if there is a "trusted" data feed, it would be nice to have recourse if the feed provider makes a mistake. Finally, especially after the well-publicized DAO disaster, many conventional businesses are extremely wary of trusting smart contracts and would prefer to have some recourse if the code executes in some way that contradicts the actual terms of agreement.
Kleros can address all those remaining issues and finally solve the oracle problem for good. Using game theory, the Kleros team has designed a system where "jurors" have a financial stake in coming to a consensus that corresponds to whatever terms they are given on any dispute. There's a 45 page whitepaper that gets into the details of how this is actually guaranteed, but I'd prefer to explore some of the consequences. This technology is often mockingly described on /biz/ as an alternative to courts of law, but the potential applications are actually much broader than strict "dispute resolution." (continued)

>>25457743

Comfiest hold.

>>18534620
this

1st target 0.250c, 2nd target 5cents, 3rd target straight to 10c

>>17396931
>https://etherscan.io/address/0x879c2ee5adc372d0542d65d80ebfe647ac1a5f10


based whale

>>17284023
If you're a fellow pinkie or just want to make it, use the referal code Thechadbiz and join my security circle or add me to yours

currently reading the Disputes Resolution Kleros book and I'm hooked, being a juror seems to be a sure way of getting extra income based on your knowledge of a field, be it commerce/blockchain/artistic skills etc

you will judge yourself harshly for not buying

>>17234108
buy some PNK, I'm in a similar position OP

>>17230089
you mean...brought...before the...LAW?

500k pinkie chad reporting.

>>17221481

Apologize.

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

use my code Thechadbiz if you want to join my security group or add me to yours

We back fellow jurors ;)

>>17186176
Rolling

Welcome fren. To the skies!

>>17150734
Based

>>17147831